2020-07-02T13:21:30-05:00 2019-06-30 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2018-07-01 941633387 NUEVA SCHOOL NUEV 6503504600 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 TERRY LEE ASSOCIATE HEAD OF SCHOOL 6503504600 2020-06-26 1 MAGA E KISRIEV P01008919 4157810793 24.6.126.165 2020-06-26 14:13:16 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AC4DF2D4A42C6AD81B5321F7D48656F676E65BB0 2018 2020-09-22 18:59:49Z DIANE ROSENBERG 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 83101332 0 X WWW.NUEVASCHOOL.ORG X 1966 CA INDEPENDENT SCHOOL OPERATING FOR EDUCATIONAL PURPOSES - STUDENTS GRADES PRE-K THROUGH 12TH. 36 33 273 425 0 0 31485752 22690655 40857556 43213554 1852314 15257 533380 538343 74729002 66457809 4303996 4717241 0 0 22729305 24276649 0 0 1542762 20768314 22746604 47801615 51740494 26927387 14717315 194105935 213694521 83769732 88351250 110336203 125343271 OUR SCHOOL COMMUNITY INSPIRES PASSION FOR LIFELONG LEARNING, FOSTERS SOCIAL AND EMOTIONAL ACUITY AND DEVELOPS THE STUDENT'S IMAGINATIVE MIND. 0 0 37900978 4717241 43213554 SEE SCHEDULE O. 37900978 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 178 0 1 273 1 0 0 0 0 0 0 0 0 0 0 0 0 X 36 33 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X MYNA CHIEM STEVE COLE 6503504600 131 E 28TH AVENUE SAN MATEO CA 94403 BRUCE COZADD CHAIR 1.00 X X 0 0 0 GERALD RISK VICE CHAIR & TREASURER 1.00 X X 0 0 0 KATHLEEN DONOHUE VICE CHAIR 1.00 X X 0 0 0 MARA WALLACE SECRETARY 1.00 X X 0 0 0 BUFFY POOL EX OFFICIO 1.00 X 0 0 0 DONNA WINGATE EX OFFICIO 1.00 X 0 0 0 MARIE YUANN EX OFFICIO 1.00 X 0 0 0 ART HEIDRICH TRUSTEE 1.00 X 0 0 0 BONNIE FOUGHT TRUSTEE 1.00 X 0 0 0 DAVID COWAN TRUSTEE 1.00 X 0 0 0 DERRICK BOLTON TRUSTEE 1.00 X 0 0 0 FARZAD ZOD NAZEM TRUSTEE 1.00 X 0 0 0 HOON CHO TRUSTEE 1.00 X 0 0 0 JAMES ISAACS TRUSTEE 1.00 X 0 0 0 JANET CHESTON TRUSTEE 1.00 X 0 0 0 JODY SIEVERS TRUSTEE 1.00 X 0 0 0 JOE KRAUS TRUSTEE 1.00 X 0 0 0 K R SRIDHAR TRUSTEE 1.00 X 0 0 0 KARLA JURVETSON TRUSTEE 1.00 X 0 0 0 KAREN PACE TRUSTEE 1.00 X 0 0 0 KAT ALFOND TRUSTEE 1.00 X 0 0 0 KEVIN LYNCH TRUSTEE 1.00 X 0 0 0 KRISTINA PHIPPS TRUSTEE 1.00 X 0 0 0 LEON KUAN TRUSTEE 1.00 X 0 0 0 MARC TARPENNING TRUSTEE 1.00 X 0 0 0 MARY HYNES TRUSTEE 1.00 X 0 0 0 MICHELLE SANDBERG TRUSTEE 1.00 X 0 0 0 PUJA KAUL TRUSTEE 1.00 X 0 0 0 RICK HOLMSTROM TRUSTEE 1.00 X 0 0 0 RIE RUBIN TRUSTEE 1.00 X 0 0 0 ROBERT FRANK TRUSTEE 1.00 X 0 0 0 SUSAN BARNES TRUSTEE 1.00 X 0 0 0 VERNON C GRIGG III TRUSTEE 1.00 X 0 0 0 ZACK HERLICK TRUSTEE 1.00 X 0 0 0 DIANE ROSENBERG HEAD OF SCHOOL 40.00 X X 499381 0 54646 TERRY LEE ASSOCIATE HEAD OF SCHOOL 40.00 X X 430966 0 23224 TARYN GROGAN DIRECTOR OF ADMISSIONS 40.00 X 200710 0 22800 ROBBIE KLEIN DIR. OF INSTITUTIONAL ADVANCEMENT 40.00 X 200300 0 10884 STEVE COLE DIRECTOR OF FINANCE & ADMINISTRATION 40.00 X 190000 0 4728 STEVE OSBORNE DIRECTOR OF FACILITIES 40.00 X 159600 0 16812 STEPHEN DUNN US DIVISION HEAD 40.00 X 155262 0 55734 1836219 0 188828 28 0 1 0 DEVCON CONSTRUCTION INC 690 GIBRALTAR DRIVE MILPITAS CA 95035 CONSTRUCTION 7921882 WL BUTLER CONSTRUCTION INC 1629 MAIN STREET REDWOOD CITY CA 94063 CONSTRUCTION 5306237 EPICUREAN GROUP 111 MAIN STREET STE 3 LOS ALTOS CA 94022 CATERING AND SPECIAL EVENT SERVICES 1599226 SERVICE BY MEDALLION 411 CLYDE AVENUE MOUNTAIN VIEW CA 94043 JANITORIAL SERVICE 1513548 LEDDY MAYTUM STACY ARCHITECTS 1940 BRYANT STREET SAN FRANCISCO CA 94110 ARCHITECTURAL PROFESSIONAL SERVICE 1191326 19 701378 21989277 9562380 22690655 TUITION AND FEES 611710 39649495 39649495 LUNCH PROGRAM REVENUE 611710 1123201 1123201 TUTORING, MUSIC AND OTHER CLASSES 611710 990023 990023 STUDENT TRANSPORTATION REVENUE 611710 631339 631339 SUMMER PROGRAM REVENUE 611710 316940 316940 502556 502556 43213554 393472 393472 15870897 2000 16236347 14765 -365450 -12765 -378215 -378215 930754 701378 392411 538343 538343 66457809 43213554 0 553600 4717241 4717241 1065000 1065000 18968254 15636307 2713484 618463 734171 306670 413126 14375 3509224 2983591 405128 120505 61020 61020 11750 11750 4783886 976924 3380712 426250 10856 5345 5511 379379 177592 186007 15780 1333331 1333331 1106020 744230 331496 30294 331557 330110 1447 955736 587276 310387 58073 1400271 1400271 3478960 2340957 1042714 95289 277928 277928 CURRICULAR TRIP EXPENSE 2259703 2259703 INSTRUCTIONAL EXPENSE 2088345 2088345 STUDENT TRANSPORTATION 1306735 1306735 LUNCH PROGRAM 1103503 1103503 1857624 1003118 690773 163733 51740494 37900978 12296754 1542762 22092349 1088922 15690443 47666269 9296688 2644299 10724453 12085136 902025 1549593 163927561 28542903 123923142 135384658 9685712 11326578 1791123 1949066 194105935 213694521 5942768 7525012 36512753 40571651 37739797 36885543 3574414 3369044 83769732 88351250 X 65535887 64787807 36334312 50568822 8466004 9986642 110336203 125343271 194105935 213694521 14717315 289753 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10347251 1520638 561566 12429455 9626298 8550 712403 10347251 8737692 6550 882056 9626298 9022079 156300 -74187 366500 8737692 9702881 5100 -132082 553820 9022079 0.10860 0.80340 0.08800 0 0 22249513 22249513 112884288 21494868 91389420 8969941 7048035 1921906 19823819 19823819 135384658 X 62030321 289753 289753 61740568 4717241 4717241 66457809 47023253 0 47023253 4717241 4717241 51740494 PART V, LINE 4: THE SCHOOL BUDGETS A PORTION OF THE ENDOWMENT INVESTMENT INCOME TO HELP FUND THE OPERATIONS OF THE SCHOOL. THE SCHOOL'S SPENDING POLICY ALLOWS FOR ANNUAL TRANSFERS UP TO 7% OF THE PORTFOLIO VALUE, WHERE THE PORTFOLIO VALUE IS DETERMINED BASED ON AN AVERAGE OF THE PRECEDING 12 QUARTER PORTFOLIO MARKET VALUES AT THE END OF EACH PERIOD. THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT A REASONABLE PREMIUM OVER INFLATION ANNUALLY. PART X, LINE 2: THE SCHOOL IS A TAX EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED AGAINST TUITION 4,717,241. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED AGAINST TUITION 4,717,241. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS NONDISCRIMINATORY POLICY ANNUALLY IN THE SF CHRONICLE. THE FOLLOWING STATEMENT IS USED IN ALL PUBLICATIONS AND ON THE SCHOOL'S WEBSITE: "THE NUEVA SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, RELIGION, GENDER, SEXUAL ORIENTATION, OR NATIONAL OR ETHNIC ORIGIN TO ALL RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL AND DOES NOT DISCRIMINATE ON THE BASIS OF THESE FACTORS IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, FINANCIAL AWARD PROGRAMS, OR ATHLETIC AND OTHER SCHOOL PROGRAMS." SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 517150 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 403237 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 180455 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 205084 0 0 0 0 0 0 1305926 0 1305926 0 0 0 0 0 0 THE NUEVA BENEFIT AUCTION 1632132 701378 930754 192891 44974 11495 143051 1632132 701378 930754 192891 44974 11495 143051 392411 538343 1 FINANCIAL AID AND ADDITIONAL AID FOR SELECTED SCHOOL RELATED EXPENSES BEYOND TUITION AND FEES 177 4717241 PART I, LINE 2: INDIVIDUAL AMOUNTS ARE DETERMINED BY HEAD OF SCHOOL, ASSOCIATE HEAD OF SCHOOL, DIRECTOR OF FINANCE, AND DIRECTOR OF ADMISSIONS. TOTAL BUDGET AMOUNT IS APPROVED BY BOARD. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DIANE ROSENBERG HEAD OF SCHOOL 430000 0 0 0 69381 0 13750 0 40896 0 554027 0 0 0 TERRY LEE ASSOCIATE HEAD OF SCHOOL 347500 0 0 0 83466 0 13750 0 9474 0 454190 0 0 0 TARYN GROGAN DIRECTOR OF ADMISSIONS 158710 0 0 0 42000 0 7936 0 14864 0 223510 0 0 0 ROBBIE KLEIN DIR. OF INSTITUTIONAL ADVANCEMENT 179550 0 0 0 20750 0 0 0 10884 0 211184 0 0 0 STEVE COLE DIRECTOR OF FINANCE & ADMINISTRATION 190000 0 0 0 0 0 4728 0 0 0 194728 0 0 0 STEVE OSBORNE DIRECTOR OF FACILITIES 121600 0 0 0 38000 0 1824 0 14988 0 176412 0 0 0 STEPHEN DUNN US DIVISION HEAD 155262 0 0 0 0 0 4248 0 51486 0 210996 0 0 0 PART I, LINE 1A DIANE ROSENBERG IS REQUIRED TO LIVE IN A SCHOOL-OWNED HOUSE AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE SCHOOL. THE ANNUAL FAIR MARKET VALUE IS APPROXIMATELY $30,000, WHICH WAS NOT TREATED AS TAXABLE COMPENSATION. STEPHEN DUNN IS REQUIRED TO LIVE IN A SCHOOL-OWNED HOUSE AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE SCHOOL. THE ANNUAL FAIR MARKET VALUE IS APPROXIMATELY $30,000, WHICH WAS NOT TREATED AS TAXABLE COMPENSATION. THE FOLLOWING INDIVIDUALS RECEIVED HOUSING ALLOWANCE TREATED AS TAXABLE COMPENSATION: (I) ROBBIE KLEIN RECEIVED $20,750; (II) STEVE OSBORNE RECEIVED $38,000; AND (III) TARYN GROGAN RECEIVED $42,000. PART I, LINE 4B DIANE ROSENBERG RECEIVED $69,381 SECTION 457(F) RETIREMENT PLAN DISTRIBUTIONS. TERRY LEE RECEIVED $83,466 SECTION 457(F) RETIREMENT PLAN DISTRIBUTIONS. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 000000000 2012-12-01 40000000 CONSTRUCTION OF UPPER SCHOOL FACILITY 0 0 0 A 40000000 274108 39725892 2014 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 1 SCHEDULE K, PART IV, LINE 2C: REBATE COMPUTATION WAS NOT PERFORMED SINCE THE ISSUE IS NOT AN ARBITRAGE BOND. 103457 FIN AWARD TUITION X 4 10825 FAIR MARKET VALUE X 4439 FAIR MARKET VALUE X 1840 FAIR MARKET VALUE X 50 9286770 FAIR MARKET VALUE X TRIPS & TOURS CERTIFICATES 32 129903 FAIR MARKET VALUE X DINING PACKAGES 7 57275 FAIR MARKET VALUE X TICKETS 15 23100 FAIR MARKET VALUE X FOOD & BEVERAGES 137 18204 FAIR MARKET VALUE X CLASS & WORKSHOP CERTIFICATES 29 15586 FAIR MARKET VALUE X GIFT CARDS & CERTIFICATES 6 7180 FAIR MARKET VALUE X MISCELLANEOUS 16 4560 FAIR MARKET VALUE X ELECTRONICS 3 2698 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REFLECTS THE NUMBER OF DONORS, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: THE NUEVA SCHOOL, AN INTERNATIONALLY RECOGNIZED, NONPROFIT, INDEPENDENT DAY SCHOOL, HAS SERVED GIFTED AND TALENTED LEARNERS SINCE 1967. TODAY, NUEVA SERVES APPROXIMATELY 935 STUDENTS PREK-12. NUEVA IS LOCATED IN THE NEIGHBORING TOWNS OF HILLSBOROUGH AND SAN MATEO, EQUIDISTANT BETWEEN SAN FRANCISCO AND SILICON VALLEY, SERVING SIX DIFFERENT COUNTIES THROUGHOUT THE BAY AREA OF NORTHERN CALIFORNIA. A CONSTRUCTIVIST SCHOOL, NUEVA IS KNOWN FOR ITS DISTINCTIVE INQUIRY-BASED INTERDISCIPLINARY STUDIES, PROJECT-BASED LEARNING, AND PIONEERING WORK IN SOCIAL-EMOTIONAL LEARNING AND DESIGN THINKING. THE NUEVA COMMUNITY INSTILLS A PASSION FOR LIFELONG LEARNING, FOSTERS SOCIAL AND EMOTIONAL ACUITY, AND DEVELOPS THE IMAGINATIVE MIND. OUR SCHOOL HAS RECEIVED THE US DEPARTMENT OF EDUCATION NATIONAL BLUE RIBBON AWARD AND THE AMERICAN INSTITUTE OF ARCHITECTS AWARD FOR SCHOOL DESIGN AND SUSTAINABILITY, HAS BEEN RECOGNIZED AS AN APPLE DISTINGUISHED PROGRAM AND APPOINTED AN ASHOKA CHANGEMAKER SCHOOL, CO-FOUNDED THE COMMON GROUND SPEAKER SERIES, HOSTS THE BIENNIAL INNOVATIVE LEARNING CONFERENCE, AND WAS HIGHLIGHTED BY THE PULITZER PRIZEWINNING AND NEW YORK TIMES BEST-SELLING AUTHOR THOMAS FRIEDMAN IN HIS BOOK THAT USED TO BE US IN THE CHAPTER "AVERAGE IS OVER." FORM 990, PART VI, SECTION B, LINE 11B THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE CONTROLLER FOR REVIEW. THE CONTROLLER FORWARDED THE FORM 990 TO THE FINANCE DIRECTOR AND THE ASSOCIATE HEAD OF SCHOOL FOR REVIEW. THE ASSOCIATE HEAD OF SCHOOL FORWARDED THE FORM 990 TO THE HEAD OF SCHOOL, FINANCE COMMITTEE CO-CHAIRS, AND BOARD EXECUTIVE COMMITTEE AS WELL AS ALL THE BOARD MEMBERS FOR REVIEW PRIOR TO FILING. ALL REVIEWERS WERE ENCOURAGED TO FORWARD QUESTIONS TO THE ASSOCIATE HEAD OF SCHOOL/FINANCE DIRECTOR. EITHER THE ASSOCIATE HEAD OF SCHOOL/FINANCE DIRECTOR OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C THE NUEVA SCHOOL CONFLICT OF INTEREST POLICY COVERS ITS TRUSTEES, HEAD OF SCHOOL, OFFICERS AND ALL EMPLOYEES OF THE SCHOOL. IT REQUIRES INDIVIDUALS TO DISCLOSE TO THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE HEAD OF SCHOOL EXISTENCE OF ANY FINANCIAL OR COMPETITIVE INTEREST THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. ADDITIONALLY, THE HEAD OF SCHOOL AND THE ASSOCIATE HEAD OF SCHOOL WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR POTENTIAL CONFLICT OF INTEREST AND DISCLOSE THEM TO THE PRESIDENT OF THE BOARD OF TRUSTEES. A PERSON WHO REPORTS OR IS DISCLOSED AS HAVING A CONFLICT OF INTEREST MAY BE REQUIRED TO BE DISQUALIFIED FROM PARTICIPATING IN RELATED DISCUSSION OR DECISION. THIS POLICY IS DISCUSSED EACH YEAR AT A BOARD OF TRUSTEES MEETING, WHERE INDIVIDUALS WITH POTENTIAL CONFLICTS ARE ENCOURAGED TO DISCLOSE ANY POTENTIAL CONFLICTS TO THE HEAD OF SCHOOL AND THE PRESIDENT OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD COMPENSATION COMMITTEE ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT PERIODICALLY TO OBTAIN BENCHMARK DATA, AND ASSESS THE APPROPRIATE LEVEL OF COMPENSATION FOR THE HEAD OF SCHOOL AND ASSOCIATE HEAD OF SCHOOL. THE SCHOOL ALSO PREPARED BENCHMARK DATA AVAILABLE FROM CAL-ISBOA AND NAIS SURVEYS FOR COMPENSATION COMMITTEE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIALS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).